Answer:
Gain recognized by Ben = $10,000
Explanation:
Given Data:
Adjusted basis of property=$40000
Cash received = $15000
Additional stock received = $35000
Total received = Cash received + Additional stock received
= $35000
+ $15000
= $50000
Gain recognized by Ben = Total received - Adjusted basis of property
=$50,000 -$40,000
= $10,000
Therefore, gain recognized by Ben = $10,000
A letter provided by the tenant to the landlord, which assures that their lease is binding, accurate, and being paid upon, is known as an estoppel letter.
Letters have long been an essential supply of biographical information, and an effective device for historians of all kinds. They permit the reader to peek backstage and might offer a feel of intimate expertise of historic subjects, even supposing this intimacy is borrowed or stolen.
Informal letters are non-public letters that might be written to allow your buddies or own circle of relatives to realize approximately what goes on in your lifestyle and to bring your regards. A casual letter is typically written to an own circle of relatives member, a near acquaintance, or a friend. The language utilized in a casual letter is informal and non-public.
A letter is stated to be casual while it's far written in a pleasant way, to a person you're acquainted with. Formal letters are written for reputable or expert communication. On the opposite hand, casual letters are used for informal or non-public communication. There is a way prescribed for writing formal letters.
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Answer:
c.
The average monthly utility bill for Orlando, FL is $85.33 more than Indianapolis, IN.
Explanation:
Just did the practice on there for Home Ownership
Consider a scenario in which a nation buys goods and services worth $90 million and exports them for $80 million. The net exports are valued at -$10 million.
<h3>What does a nation's net export mean?</h3>
Total exports less total imports for a specific country is the definition of net exports. It is a method of determining the total outlays or GDP of a country in an open economy.
The balance of trade, commercial balance, or net exports refers to the difference between a nation's exports and imports in terms of dollar value over a given time period. It's sometimes made a point to distinguish between a trade balance for goods and one for services.
In the above question, given:
Imports= $90 million
Exports= $ 80 million
Net Export= Total Exports - Total Imports
Net Export= $ 80 million - $ 90 million
Net Export= -$10 million
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As a result of Z best recording the transaction by increasing cash and decreasing stockholders' equity, the result would be The accounting equation is out of balance, SE is understated, contributed capital is understated,
<h3>What happens when stock is incorrectly recorded?</h3>
When Z Best issued common stock, they should have increased cash and increased stockholders equity.
Because they did not do that, they made the stockholders equity understated and the contributed capital as well. As a result of this, the accounting equation will not balance:
Assets = Equity + Liabilities
The accounting equation will not balance because assets will be more than the sum of equity and liabilities.
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